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Automotive manufacturing 'stable last month'

Figures show that while car manufacturing fell by 0.7 per cent in February to 137,458 units, the month saw a 26 per cent increase on the equivalent period last year.

In good news for those in sales jobs in the industry, behind the scenes there was a 0.2 per cent increase in overall output over the first two months of this year, with 266,507 units rolling off the production line. However, arguably more importantly for the UK economy, output for the domestic market rose by over a third during this period.

Mike Baunton, interim chief executive of the Society of Motor Manufacturers and Traders, which compiled the statistics, said the results were "pleasing" as they showed that automotive manufacturing output was managing to maintain the strong levels seen last year.

He went on to say that independent forecasters felt positive about prospects for the sector this year.

One of the more disappointing aspects of the findings revealed that commercial vehicle output actually declined 17.1 per cent in February to 8,005 units. Across the first two months of the year it was down 18.8 per cent, as the 2.6 per cent increase in domestic output for the month proved unable to offset greater declines elsewhere on the market.

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Posted by Richard EsquilantADNFCR-1617-ID-801561288-ADNFCR

22/03/2013